The Floow Wins Customer Value Leadership Award

The Floow - May 30th, 2014

At The Floow, we are extremely proud and excited to reveal that we have been awarded the Customer Value Leadership Award by independent global research organisation Frost & Sullivan!

With almost 50 years experience, Frost & Sullivan, the Growth Partnership Company with offices on six continents, monitors more than 300 industries and 250,000 companies to consider growth challenges, and the solutions companies employ to solve them, from every angle. This unique approach enables Frost & Sullivan to determine how best-in-class companies worldwide manage growth, innovation and leadership. The company’s Growth Partnership Service provides disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies.

Here’s what Frost & Sullivan had to say about The Floow:

“Frost & Sullivan’s competitive analysis reveals that despite being advanced in terms of technology and data-analytics, The Floow ensures that its solution is offered at a lower price compared to many in the industry. The Floow has a solution that fits every budget. Whether an insurer wants a one-stop shop solution solely based on a smart phone app or a solution that combines results from multiple sources of data, The Floow has a suitable solution. Most of its competition depends on multiple value chain participants to offer the solution to the customer, making it difficult to accept customer experience ownership.”

“Some of its competition possesses a huge database that includes speed limits and speed profiles of roads. The Floow uses the principle that divulging speed limits as alerts to drivers could intervene with the driving habits of the user. Barring speed limit information, The Floow has nearly created a database which is as rich as that of its competitors and is likely to surpass the same, especially on specific data points that are of high interest to the clientele.”

They went on to say:

“Frost & Sullivan expects that The Floow will transform the motor insurance industry and beyond by making vehicles cheaper and safer for all. As a first step, The Floow has radically transformed the conventional telematics space through its unique device-agnostic approach.”

“The company was founded and is owned by the management team, allowing for quicker decision-making and a dynamic nature to adapt to changing needs of the industry and the market.”

“Motor vehicle markets are getting more connected every day. In an era when every market participant claims to possess big data capabilities while barely indulging in advanced data analytics, The Floow actually gathers and analyses big data. Frost & Sullivan’s independent research clearly shows that The Floow’s rich databases derived from various sources create not only accuracy for driver scores but also for journeys and road segments. ”

“Based on the aforementioned factors, Frost & Sullivan is proud to present the 2014 Customer Value Leadership Award in Usage-based Insurance to The Floow.”

The Floow Frost & Sullivan Award Logo

The Floow’s CEO and Co-Founder, Aldo Monteforte, commented on the win saying: “The Frost & Sullivan award recognises The Floow’s global leadership in mastering telematic data and uncompromising focus on our clients’ success. I dedicate this prestigious award to our unbeatable team of scientists, engineers and designers who every day combine talent, ingenuity and passion to make mobility safer and cheaper for all.”

We’re delighted to have been chosen as the winners of this prestigious award. We work hard to ensure that our customers are more than satisfied with our services at every step of their journey with us, so we thank you, Frost & Sullivan, for recognising our ongoing efforts!

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